Quote

Percentage margins don't matter. What matters always is dollar margins: the actual dollar amount. Companies are valued not on their percentage margins, but on how many dollars they actually make, and a multiple of that.

Jeff Bezos

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Jeff Bezos
Age: 60
Born: 1964
Born: January 12
Astronaut
Computer Scientist
Entrepreneur
Albuquerque
New Mexico
Jeffrey Preston Bezos
Jeffrey Preston Jorgensen
Jeff Preston Bezos
Jeffrey Preston ''Jeff'' Bezos
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If we think long term, we can accomplish things that we couldn't otherwise accomplish.
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In Seattle you haven't had enough coffee until you can thread a sewing machine while it's running.
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One of the things that gets me up in the morning is knowing that customer expectations are always rising, and I find that very exciting.
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If you decide that you're going to do only the things you know are going to work, you're going to leave a lot of opportunity on the table.
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It's hard to find things that won't sell online.
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I definitely believe people should pay for copyrighted works. And the laws are sufficient: They already require you to pay for copyright work. There's no confusion. The problem is...it's a heck of a lot easier to steal MP3s than to buy them.
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Our biggest cost is not power, or servers, or people. It's lack of utilization. It dominates all other costs.
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We see our customers as invited guests to a party, and we are the hosts. It's our job every day to make every important aspect of the customer experience a little bit better.
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Ebooks had to happen.
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... if it's not your style to stretch and go the extra mile to make sure our customer experience is great, you're going to have an allergic reaction to this company. You probably won't stay. If you do try and stay, but can't adapt to the culture then it will reject you like a virus from a healthy immune system.
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Amazon Pages and Amazon Upgrade leverage Amazon's existing 'Search Inside the Book' technology to give customers unusual flexibility in how they buy and read books, .. In collaboration with our publishing partners, we're working hard to make the world's books instantly accessible anytime and anywhere.
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Cultures, for better or worse, are very stable.
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Feel free to cover Amazon any way you want. Feel free to cover Jeff Bezos any way you want.
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There'll always be serendipity involved in discovery.
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I've not seen an effective manager or leader who can't spend some fraction of time down in the trenches... If they don't do that they get out of touch with reality, and their whole thought and management process becomes abstract and disconnected.
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My own view is that every company requires a long-term view.
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All businesses need to be young forever. If your customer base ages with you, you're Woolworth's.
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I think there are going to be a bunch of tablet-like devices. It's really a different product category.
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I love my life. I love being an inventor.
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We've done price elasticity studies, and the answer is always that we should raise prices. We don't do that, because we believe -- and we have to take this as an article of faith -- that by keeping our prices very, very low, we earn trust with customers over time, and that that actually does maximize free cash flow over the long term.
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